### Key Money and Benefit Changes for Households This Summer: What to Know
As we head into the heart of summer, a number of significant changes are on the horizon for UK households, particularly for those relying on benefits, pensions, and other forms of financial support. The landscape of government assistance, energy costs, and financial schemes continues to shift, often leaving many feeling uncertain and struggling to keep pace with updates. Here’s an in-depth look at the latest alterations and what they mean in practical terms for individuals and families across the nation.
#### Universal Credit and Legacy Benefit Moves
The process of transitioning from so-called ‘legacy benefits’ to Universal Credit has been ongoing, with the Department for Work and Pensions (DWP) aiming for full migration by January 2026. Those currently receiving tax credits, income support, jobseeker’s allowance, or housing benefit should either have received correspondence about the changeover or can expect it soon.
While the current rates remain stable, recipients should be aware that the government has proposed further changes, particularly with the possibility of £5 million in overall cuts to the welfare system under an anticipated Labour administration. However, these cuts are not set to be enacted immediately. Notably, Universal Credit’s standard allowance is due for a one-off increase in April 2026—rising by £7 per week, providing some relief amid concerns over benefit reductions.
#### Rises to Benefit Rates and State Pensions
Most major benefits, including Universal Credit, Personal Independence Payment (PIP), Disability Living Allowance (DLA), Attendance Allowance, and Employment Support Allowance (ESA), saw a 1.7% uplift back in April 2025, in line with inflation measured in September 2024. This adjustment continues to underpin payment amounts as the year progresses.
State pension payments continue to arrive on a four-weekly basis, with each claimant’s specific payment day dictated by the last two digits of their National Insurance number – a system designed for administrative simplicity. For instance, those whose numbers end in 00–19 receive payment on Mondays, while others can expect it between Tuesday and Friday depending on their allocation.
#### Ofgem Energy Price Cap: What Changes and When
From 1 July, the new Ofgem energy price cap is set to take effect, lasting until 30 September 2025. This adjustment is forecast to lower energy costs for a ‘typical’ dual-fuel household paying by Direct Debit, reducing the average annual bill by 7%, now standing at £1,720—down from the previous £1,849. This equates to an approximate monthly saving of £11 for eligible homes.
It is vital to clarify that this cap does not limit total spend, but rather how much providers can charge per unit of energy and for daily standing costs. Consumers are still encouraged to monitor their energy use and take a meter reading just prior to 1 July—ideally on 30 June—to ensure they are not overcharged at the higher, outgoing rate.
#### Changes to Metering Technology
A notable deadline also looms for households using legacy radio teleswitch service (RTS) meters, as these are slated for deactivation on 30 June. Those yet to upgrade to a smart meter are urged to do so promptly to avoid disruptions, such as losing heating control.
#### Conclusion of Mortgage Guarantee Scheme
The Government’s mortgage guarantee scheme, which began in 2021 to help first-time buyers secure mortgages with just a 5% deposit, will officially conclude on 30 June. This closure marks an end to a route that has supported many onto the housing ladder, so those planning to benefit will need to act swiftly.
#### Tax Self-Assessment: Payment Deadline Approaches
For self-employed individuals, an important date looms: 31 July is the deadline for the second ‘payment on account’ for the 2024–2025 tax year. This pre-emptive tax payment estimates annual liability based on the previous year’s earnings. Overpayments can typically be refunded, while those with increased incomes may face later balancing payments.
#### Regular Benefit Payments Continue
Other benefit payments—including PIP, Attendance Allowance, Carer’s Allowance, ESA, and Child Benefit—will continue on their usual schedules throughout July. Fortunately, with no bank holidays in sight, there are no planned disruptions to payment dates this month.
#### Final Thoughts: Staying Informed
With a multitude of changes underway, it is crucial for all recipients of benefits, pensions, or other financial assistance to stay up to date with government announcements and deadlines. Further information and updates can be found on the official [gov.uk](https://www.gov.uk) website. As always, proactive management—such as submitting meter readings and noting payment deadlines—can help households navigate the shifting landscape and minimise uncertainty.